AVA Global - a timeline
Share Price - 2.9 cents
SOI - 410,510,465
Cash on Hand - $4million
MC - $11,904,803
EV - $7,904,803
All excluding original BQT business which appears to be cashflow neutral
October 13, 2015 – Notice of AGM
Proposal H – Issue 80,000,000 shares @ 3 cents which is about where SP, i.e No discount (thin trade)
October 2015
AVA Global CEO - Chris Fergus ends tenure at G4S as Regional Managing Director – Middle East https://www.linkedin.com/in/christopherfergus (20 years @ G4S)
November 12, 2015 – Chairman’s address & Presentation
No mention of AVA Global nor Chris Fergus
January 27, 2016 - Placement
MSP Undertakes placement of 70,000,000 shares @ 3 cents raising $2.1million
January 28, 2016 – Rights Issue
MSP announces fully underwritten rights issue to raise $4.1million
Commenting on the Rights Issue, MaxSec CEO Mr Geoffrey Cleaves said: “The fully Underwritten Rights Issue we are launching today will enable MaxSec to expand our global footprint of business development and specialist product resources and pursue significant adjacent market opportunities. In addition, it also provides the Company with the flexibility to fully capitalise on the future growth opportunities of the combined group and positions MaxSec as a leading provider of security industry products and services.
April 4, 2016 – Appendix 4C Quarterly
Cash on hand noted as $6.1million
June 8, 2016 – Chris Fergus is appointed an Executive Director
MaxSec Group Limited (ASX: MSP), today announced that Christopher Fergus, ex-G4S (LSE: GFS) Regional Managing Director has been appointed to the Board of Directors as an Executive Director. Chris will continue to lead Business Development and Strategy and has recently been appointed Chief Executive Officer of our newly established division, AVA Global (AVA). AVA has recently recruited a world class management team and launched its International Valuables Logistics (IVL) services, in New York, Singapore, London and Frankfurt. Chris is based in Dubai and is a UK national. He has worked for the FTSE 100 and world's leading security services provider, G4S, for over 20 years. Joining the company as a graduate trainee in 1994, he has since worked across a number of continents, most recently as Regional Managing Director, Middle East, managing a portfolio of Security & FM joint ventures, with a total revenue in excess of USD 1bn. Chris has extensive experience of the security integration and services sectors, including the IVL sector, having previously led the global IVL division within G4S, based in both New York & London.
Of note – Chris’ LinkedIn profile states he joined MSP in May (probably as employee)
June 8, 2016 – Chris Fergus’ Initial Director’s Interest Notice
12,000,000 fully paid (cost of $360,000) participation in placement and maybe rights
June 9, 2016 – Corporate Profile including AVA Global
Ava provides international secure logistics of high value cargo on a fully insured door to door basis, including armoured vehicle collection and delivery at origin and destination, secure storage, air and sea freight (commercial and chartered) and customs brokerage services. Ava has a truly global service capability, delivered from its own strategically located offices (New York, London, Frankfurt, Dubai & Singapore) and through a network of strategic partners (+100 countries).
+ Management experience (+150 years of secure logistics and client sector experience)
+ Strategic partner model/no owned infrastructure
+ Truly global capability
+ Lloyds of London AA rated insurance
+ Technology focused
The key sectors where Ava provides services include:
Precious Metals Mining - Transportation of pre-refined precious metal from mine site to refiner. Mine sites are generally in remote locations requiring complex logistical solutions.
Bullion - Transportation from refinery or secure storage location to central bank, investment bank or jewellery manufacturers.
Currency - Large scale foreign currency transportation between central banks, commercial banks, wholesale bank note dealers and foreign exchange houses.
Security Print - Transportation of secure paper, credit cards, tax stamps, holograms and other secure print items.
LinkedIn – Employees that started in May
+ Chris Fergus – ex G4S, 20 years
+ James Alston – ex G4S, 11 years, ex PWC
+ Gwen Coutinho – ex G4s, 3+ years
+ Stefen Dingeldein – ex G4S, 10+ years
+ Nancy Merlo-Cach – ex G4S, 11+ years
+ Andy Huxtable – ex G4S, 6 months, JP Morgan, RBS, Standard Chartered
+ Daniel Cody – ex G4S, 8 years
Disclaimer, taken from LinkedIn and Company website, info not via ASX
June 2016 - Investor Presentation
Similar to Corporate profile above
July 29, 2016 – Appendix 4c Quarterly
Cash on hand noted as $4.9million
August 29, 2016 – AVA Global now operational with foundation clients
MaxSec Group Limited (ASX: MSP) is pleased to announce that it's secure international logistics division, Ava Global (“Ava”), is now fully operational, across 6 continents, and has executed service agreements with four (4) international clients within the Precious metals and Currency market sectors. These clients have a combined annual secure logistics spend estimated to be $5 million. Chris Fergus, Executive Director and Ava Global CEO said "Our first live customer contracts in both Europe and North America represent a foundation milestone for Ava and validate the strategy behind MaxSec's integrated solutions approach to secure logistics"
September 13, 2016 – AVA Global signs Service Agreement with TTT Moneycorp Ltd.
MaxSec Group Limited (ASX: MSP) is pleased to announce that its secure international logistics division, Ava Global (“Ava”), has recently executed a new agreement with TTT Moneycorp Ltd, an international payments and foreign exchange company, based in the UK. Joe Pitt, Head of Wholesale Banknotes at Moneycorp, commenting upon the agreement said ‘we are delighted to be a part of the inauguration of Ava, particularly as we share common values in respect of collaboration, accountability and integrity. We look forward to a long and mutually beneficial partnership”
October 21, 2016 – AVA Global signs service agreements with three further foundation clients
MaxSec Group Limited (ASX: MSP) is pleased to announce that its secure international logistics division, Ava Global (“Ava”), has recently executed three (3) further service agreements with clients in the precious metals sector. Ava’s CEO, Chris Fergus commented “The combined total annual logistics spend of Ava’s foundation client base is now estimated to be in excess of $18m.”
October 28, 2016 – Response to Price Query
Price moves from 1.5 cents to 2.9 cents
October 28, 2016 - Appendix 4c Quarterly
Cash on hand noted as $4.0million
November 23, 2016 – AVA Global now actively providing services
MaxSec Group Limited (ASX: MSP) is pleased to announce that following the recently announced service agreements, MaxSec's international valuables Logistics division, Ava, is now actively providing services to several clients across 12 countries. In addition, AVA is currently actively participating in tender processes with other clients for annual contracts, building on the initial positive acceptance of the AVA global capabilities developed over the last 9 months.
No further notices to ASX about Revenue or other items. We await the quarterly however anticipate that revenue received may not show until April.
This is the birth of AVA Global, further commentary to come about the size of the market & the opportunity.
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